from todays Midas report

Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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gwr1

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from todays Midas report

posted on Feb 07, 2012 12:43AM

06 February 2012

Net Asset Value Premiums of Certain Precious Metal Funds - Sprott Places Gold Offering at Premium

Sprott Physical Gold Trust Announces Completion of Its Follow-on Offering of Trust Units

Feb 3, 2012

TORONTO, Feb. 3, 2012 /CNW/ - Sprott Physical Gold Trust (the "Trust") (NYSE: PHYS / TSX: PHY.U), a trust created to invest and hold substantially all of its assets in physical gold bullion and managed by Sprott Asset Management LP, today announced that it has completed its follow-on offering of 20,000,000 transferable, redeemable units of the Trust (the "Units") at US$15.19 per Unit for gross proceeds of US$303,800,000 (the "Offering").

The Trust will use the net proceeds of the Offering to acquire physical gold bullion in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions described in the prospectus related to the Offering. The net proceeds of the Offering per Unit are greater than 100% of the most recently calculated net asset value per Unit of the Trust prior to, or upon determination of, pricing of the Offering, as required under the trust agreement governing the Trust.

At today's prices this offering will pull about 176,000 ounces of gold off the public market.

In the reverse of what we saw with silver, the big follow on offering for the Sprott Physical Gold Trust priced out at a

premium to its NAV and its market price. I think that is not possible with silver because of the huge premium that the Silver trust often carries.

Sprott placed the entire gold offering fairly quickly, having announced it last week…

http://jessescrossroadscafe.blogspot.com/2012/02/net-asset-value-premiums-of-certain.html

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You won’t regret orderering this…

GATA London conference DVD sets on sale now

Submitted by cpowell on 07:04AM ET Saturday, February 4, 2012. Section:

Daily Dispatches

10:04a ET Saturday, February 4, 2012
Dear Friend of GATA and Gold:

Video of GATA's two-day Gold Rush 2011 conference at the Savoy Hotel in London last August is now available in attractive boxed sets of four DVDs that include every presentation -- and all of them remain immensely relevant to today's market conditions.

The conference speakers included some of the best minds in the monetary metals: GATA Chairman Bill Murphy; GATA board member Adrian Douglas; Sprott Asset Management CEO Eric Sprott and Chief Investment Strategist John Embry; gold mining entrepreneur Jim Sinclair; GoldMoney founder James Turk; silver market manipulation whistleblower Andrew Maguire; Cheviot Asset Management Investment Director Ned Naylor-Leyland; Hinde Capital CEO Ben Davies; geopolitical analyst James G. Rickards; Mexician Civic Association for Silver President Hugo Salinas Price; gold market manipulation litigator Reginald H. Howe; Samex Mining CEO Jeff Dahl; Kirkland Lake Gold CEO Brian Hinchcliffe; and market analysts Alasdair Macleod, Peter George, John Brimelow, and James McShirley. Your secretary/treasurer also spoke.

The conference drew 400 participants from 38 countries and many said it was the best financial conference they had ever attended.

The DVD package is priced at $125 plus a few dollars for shipping. When the first edition -- 200 sets -- is gone, we'll be raising the price.

To learn more about the DVD package and to order by credit card, please visit: